Source: PaxForex Premium Analytics Portal, Technical Insight
Last weekend, it became known that the Prime Minister of Britain B. Johnson left for self-isolation after contact with an infected covid-19. The Prime Minister himself reportedly does not show any signs of illness. As Johnson himself explained on Twitter, he just "follows the rules". Meanwhile, in Britain on Saturday, there was a record increase in the incidence of coronavirus by 26,860 new cases.
GBP/USD, 30 min
Pivot: 1.3220
Analysis:
Provided that the currency pair is traded above 1.3190, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.3220
- Take Profit 1: 1.3245
- Take Profit 2: 1.3275
Alternative scenario:
In case of breakdown of the level 1.3190, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3190
- Take Profit 1: 1.3170
- Take Profit 2: 1.3150
Comment:
RSI shows an ascending momentum during the day.
Key levels:
Resistance | Support |
1.3310 | 1.3190 |
1.3275 | 1.3170 |
1.3245 | 1.3150 |
GBP/USD, D1
Pivot: 1.3169
Analysis:
While the price is above 1.2865, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3169
- Take Profit 1: 1.3480
- Take Profit 2: 1.3710
Alternative scenario:
If the level 1.2865 is broken-down, follow the recommendations below.
- Time frame: D1
- Recommendation: short position
- Entry point: 1.2865
- Take Profit 1: 1.2675
- Take Profit 2: 1.2515
Comment:
RSI indicates that an uptrend continues in the medium term.
Key levels:
Resistance | Support |
1.3850 | 1.2865 |
1.3710 | 1.2675 |
1.3480 | 1.2515 |
We also advise you to pay attention to the following currency pairs for intraday trading:
EUR/USD – buy above 1.1830 with 1.17880 and 1.1900 targets as Take Profit. Alternative scenario - if the level 1.1830 is broken-down, sell with the TP 1.1810 and 1.1785.
USD/CAD - short positions below 1.3140 with 1.3055 and 1.3030 targets as Take Profit. Alternative scenario - if the level of 1.3140 is broken-out, buy with the targets 1.3170 and 1.3190 as Take Profit.
NZD/USD – buy above 0.6849 with 0.6923 and 0.6938 as Take Profit targets. Alternative scenario - if the level of 0.6849 is broken-down, you should consider selling with the targets 0.6823 and 0.6807 as Take Profit.